China agrees road project funding with Serbia

Funding for a stretch of the Belgrade ring road project will now be delivered by Chinese sources. The €207 million deal has been agreed between the Serbian Ministry of Construction and the Power Construction Corporation of China. This funding will help with the completion of the 20km ringoad project as a portion of the work has already been carried out.
March 22, 2017 Read time: 1 min
Funding for a stretch of the Belgrade ring road project will now be delivered by Chinese sources. The €207 million deal has been agreed between the Serbian Ministry of Construction and the Power Construction Corporation of China. This funding will help with the completion of the 20km ringoad project as a portion of the work has already been carried out.
Finance & Funding Road Structures

Related Content

  • Indonesia road project financing signed
    November 23, 2015
    A financing deal has been signed for a portion of a major highway project in Indonesia. The US$91 million loan package has been signed between Indonesian infrastructure financing company, Sarana Multi Infrastrucktur (SMI), and contractor, Hutama Karya. This will help pay for work on the 22km Palembang-Indrayala stretch of the 2,700km Trans Sumatra 2,700km highway project. The funds will be made available in three tranches. Funding from state sources will provide the remaining funds required for the Palemban
    Read More
  • Another bridge over the River Drina
    October 29, 2020
    Cost of the two-lane bridge between Bosnia and Serbia is reportedly around €13 million.
    Read More
  • Nepal-China connection
    May 14, 2012
    The Chinese Government is building a 100m long bridge over the Trishuli River that will improve connections from Nepal-China. The structure will be located in Rasuwaghadi and the project has been planned after both countries agreed a deal for this second friendship bridge. The bridge is expected to cost US$ 1.42 million and its construction is being funded by the Chinese Government. The new link will connect the Rasuwaghadi Highway with China and is expected to help develop cross-country trade and transport
    Read More
  • Serbia sets road plan target
    January 26, 2015
    The Serbian Ministry of Construction, Transport and Infrastructure has set a target for road construction during 2015. In all the country will build some 160km of new roads during 2015. At the moment the country is also building or rebuilding some 150 bridges in a bid to boost its transport connections. Work to the Nis-Dimitrovgrad road is due for completion during 2015. The cost of this ambitious target has not been revealed and nor has the source of the funding stream.
    Read More

Highlighted Content